Employees When You Close: Notice, Severance and Final Pay

Employees are often the hardest part of a closing.

Before you tell anyone

• List every employee with start date, pay and benefits.
• Check your province's notice and severance rules with your lawyer.
• Prepare final pay and vacation pay calculations.

After

• Issue Records of Employment on time.
• Issue final T4s through your payroll provider or accountant.

Handle the conversations respectfully and in person where you can.